Lewes, DE -- (SBWIRE) -- 05/03/2017 -- Report forecast the global CNC vertical machining centers market to grow at a CAGR of 5.62% during the period 2017-2021.

Vertical machining centers are used in high precision work and widely adopted in the automotive and aerospace industries. These centers are gaining popularity across a broad range of industries due to their low cost. Vertical machining centers are seeing tremendous improvement in terms of performance in the last few years due to continuous advances in technologies. These factors will drive the demand for vertical CNC machining centers during the forecast period.

The report covers the present scenario and the growth prospects of the global CNC vertical machining centers market for 2017-2021. To calculate the market size, the report considers the revenue generated from CNC vertical machining centers.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, the cutting process primarily consists of milling and gun drilling processes and operations. The rising self-optimization capability of these processes in advanced CNC vertical machining centers as compared with traditional manual machines is likely to increase the production efficiency of cutting processes with a reduction in cost.

Further, the report states that the global CNC vertical machining centers market is capital intensive. The market's profitability is highly correlated to the price of raw materials, such as iron, steel, aluminum, brass, and copper. It is estimated that these raw materials account for 48% of the overall manufacturing cost in the market. Fluctuation in raw material prices affects the manufacturer due to frequent changes in pricing strategy. In addition, training the workforce and hiring consultants incur a heavy cost to the company. Hence, the consolidation of these costs results in a higher manufacturing cost.

Global CNC Vertical Machining Centers Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global CNC vertical maching centers market: Haas Automation, HURCO, MAKINO, OKUMA, and SMTCL Americas

Other Prominent Vendors in the market are: Yamazaki Mazak, CMS North America, Jyoti CNC Automation, Komatsu NTC, KRUDO Industrial, Mitsubishi Electric, DMG MORI, and BFW

Market driver
- Growing need for accuracy and productivity at affordable price
- For a full, detailed list, view our report

Market challenge
- Emerging demand for CNC horizontal machining centers
- For a full, detailed list, view our report

Market trend
- Emerging demand for 3+2 CNC vertical machining centers
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 70 pages and 36 Exhibits "Global CNC Vertical Machining Centers Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by end-user, Geographical segmentation, Decision framework, Drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-cnc-vertical-machining-centers-market-2017-2021

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